Freddie Mac is preparing a second transaction designed to transfer credit risk on mortgages that have been modified in order to avoid default.

Seasoned Credit Risk Transfer Trust, Series 2017-1 (SCRT 2017-1) is a securitization seasoned modified re-performing first lien mortgage loans that Freddie purchased from pools of mortgage bonds that it insures. Each loan was modified and is currently held in the government-sponsored enterprise’s retained portfolio.

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